Week in review

Amalgamated Telecom Holdings Limited (ATH) and Fijian Holdings Limited (FHL) were the two listed securities witnessing trades during the week under review and yielded share price gains of 2.27% and 1.19% respectively.

ATH ended the week at a closing share price of $0.90 while FHL ended the week at a closing price of $3.40.

The increase in share prices for these two stocks resulted in the overall capitalisation of the market to increase by 1.03% and close the week of trading at a value of $869,697,250. Moreover, extending its positive share price increase impact resulted in the SPSE Total Return Index (STRI) to also record a 1.03% increase. STRI ended at value of 2168.90 at the end of trading session on Friday.

In terms of market statistics, six transactions were recorded with 4,674 shares exchanging hands while accumulating $13,378 in value.

The new order flow analysis indicated an improved trend from prior week as an aggregate consideration of $72,348 was recorded, amongst which 73.52% was represented by an interest to purchase securities on SPSE.

New orders mostly emerged for FMF Foods Limited (FMF), BSP Convertible Notes Limited (BCN), Fijian Holdings Limited (FHL) and Amalgamated Telecom Holdings Limited (ATH).

In terms of overall unexecuted orders on the e-trading orders platform, the total shares on bid rose by 7.24% with the total shares on offer also increasing slightly by 0.01%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.

ATH stands as the narrowest bid-offer margin securities with a spread of $0.04 while the radio conglomerate, Communications (Fiji) Limited (CFM) continues to stand as the widest bid-offer margin stock having a spread of $1.40.

The SPSE market announcements platform recorded four press releases for the week. Kontiki Growth Fund Limited (KGF) released the company’s net asset value as at 31st July 2014. Pleass Global Limited (PBP) announced a change in company secretary. FHL announced a change in directors while FijiCare Insurance Limited (FIL) concluded the week of announcements updating the market that the Reserve Bank of Vanuatu has granted a general insurance license to VanCare Insurance Limited, a new business venture which is 100% owned subsidiary of FIL.

For further information and for the purpose of seminar registrations, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj

Jinita Prasad

Chief Executive


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